Overview

• U.S. Treasury Secretary Scott Bessent said Washington is negotiating a US$20 billion swap with Argentina to support debt servicing.
• Key exchange rates compressed: the official Banco Nación dollar is about ARS 1,335/1,385, the blue trades around ARS 1,390/1,410, and financial dollars range near ARS 1,369–1,433, while the tarjeta rate is roughly ARS 1,800.50.
• Risk gauges improved sharply as JP Morgan’s country risk fell to roughly 839 basis points and Argentine stocks and sovereign bonds advanced strongly.
• The central bank reported no spot FX intervention in the prior session and international reserves rose by about US$58 million.
• The government’s temporary suspension of some export duties to spur dollar inflows complemented the market’s repricing as formal U.S. announcements remain pending.